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Oct 29, 2012
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china telecom also gained nearly 1% despite posting an 8% falling q3 earnings on higher costs. but those gains were countered by the hugs losses in property developers. the hopping congress government has announced pressure measures to curb property speculation given housing prices have surged 20% in the first nine months. elsewhere, shares in taiwan hit a 13 honesty low with htc tumbling 7% after brokers cut its price target. the nikkei ended just a tad below the line, it's actually light trading ahead of tomorrow's boj meeting. honda cut after is an cut in outlook. korean currency strength fell, but some lg units surged on strong earnings. kospi ended flat. the asx 200 managed to to finish marginally in the green. developers and utilities outperformed. sensex now lower by about a quarter of a percent. >> let's take a look at trade in europe and u.s. futures which are trading as usual this morning, dow jones industrial average if it were to open today implied to shed about 55 points. nasdaq and s&p also pointed lower. that largely does cue off the attitude in european trade. i
china telecom also gained nearly 1% despite posting an 8% falling q3 earnings on higher costs. but those gains were countered by the hugs losses in property developers. the hopping congress government has announced pressure measures to curb property speculation given housing prices have surged 20% in the first nine months. elsewhere, shares in taiwan hit a 13 honesty low with htc tumbling 7% after brokers cut its price target. the nikkei ended just a tad below the line, it's actually light...
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Oct 8, 2012
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let's ask the head of china research at isi group. is this going to set off a new battle in the trade war, don? >> brian, this is serious. it's not a few dollar subsidies on tires or higher making tv appliances in south carolina. it is geopolitics, it is national security. we've seen the u.s. intel committee's side of the story. we haven't seen theirs. but this has the potential of being very ugly. >> whether or not that report comes out to be completely accurate, to me i don't care about the report. when i heard what i thought was this had -- if you're the chinese government, you're saying, okay, america, forget you, we're going to dump some of your debt. see how i like higher interest rates. let's not buy a buick or gm product and forget about going to taco bell or kfc for yum brands. >> brian, i don't think the debt is the issue but i think it is quite possible that if china feels like they're getting a raw deal here, that either implicitly or quietly, they may feel like they want to punish us economically in some way and an obviou
let's ask the head of china research at isi group. is this going to set off a new battle in the trade war, don? >> brian, this is serious. it's not a few dollar subsidies on tires or higher making tv appliances in south carolina. it is geopolitics, it is national security. we've seen the u.s. intel committee's side of the story. we haven't seen theirs. but this has the potential of being very ugly. >> whether or not that report comes out to be completely accurate, to me i don't care...
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Oct 10, 2012
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everybody in china roots for china south rail. i want you to say, "win, g.e." >> do you not see any reason that maybe the public doesn't hold american corporations up here in the highest... >> i think this notion that it's the population of the u.s. against the big companies is just wrong. it's just wrong-minded, and when i walk through a factory with you or anybody, you know, our employees basically like us. >> they do. i saw it. >> they root for us. they want us to win. i don't know why you don't. >> since our report first aired, jeff immelt has remained a lightning rod for some critics. but immelt's brand of realistic optimism continues unabated. coming up, tough times in the american heartland. >> i wonder when you look forward now, what you think about rehiring people. >> when we hire somebody, we're definitely gonna need them. we're not gonna hire one person until we need two or three, and we're probably not gonna hire two until we need four or five. >> the economic struggles of newton, iowa, when 60 minutes on cnbc returns.
everybody in china roots for china south rail. i want you to say, "win, g.e." >> do you not see any reason that maybe the public doesn't hold american corporations up here in the highest... >> i think this notion that it's the population of the u.s. against the big companies is just wrong. it's just wrong-minded, and when i walk through a factory with you or anybody, you know, our employees basically like us. >> they do. i saw it. >> they root for us. they want...
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Oct 10, 2012
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but china's doing well. germany's exports -- china's were up 10% year over year in august. >> the doom and gloom is not wrong yet. >> germany's exports -- the u.s. are up 15% year-on-year. the people who know how to do things right still show strength and if they're unleashed -- >> i want to get -- unleash. that's the key word. president obama has kept a short leash on american business with his regulatory and tax threats. that's why this guy from florida today was going crazy. but mike holland, as an investor, how are you playing this? i see opportunities galore. i'm in a very optimistic mood tonight. but i'm laser-like focusing in. here's in election, there's a predict revolution right in front of our noses and a lot of times we don't see it. if that's remotely true, what are you buying? >> you have to own the biggest quality companies that are at the lowest possible prices given just what you talked about. having said that, i want to pile on with david's comments about the world economy. china, the second
but china's doing well. germany's exports -- china's were up 10% year over year in august. >> the doom and gloom is not wrong yet. >> germany's exports -- the u.s. are up 15% year-on-year. the people who know how to do things right still show strength and if they're unleashed -- >> i want to get -- unleash. that's the key word. president obama has kept a short leash on american business with his regulatory and tax threats. that's why this guy from florida today was going...
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Oct 25, 2012
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oh, here's the view of cummins, you accept the pain you're going to have to take while china restarts its engines. stock i think could trade down three or four more and then you pull the trigger and average down. that doesn't hurt me to say average down, i think it's the right thing to do. rick in new jersey. rick? >> caller: mega boo-yahs from south jersey, jim. >> oh, man! good to have you on the show. >> caller: american capital and its siblings have declined precipitously in recent weeks, i'm wondering if it has something to do with qe-3. thank you for all your hard work on our behalf, jim. >> thank you, i think agnc is safe. i know it's playing havoc. annaly, where mike farrell passed away, they've been doing a buyback. you know they used to be issuing a lot of stock, buy back, i think agnc is good, the dividend's going to be fine. doesn't mean it's going to be safe in the sense they might schnitzel it a little, but i think the return will be there. let's go to ashton in nevada. >> caller: big boo-yah to mr. cramer, how are you sir? >> real good. how are you, sir? >> caller: i'm
oh, here's the view of cummins, you accept the pain you're going to have to take while china restarts its engines. stock i think could trade down three or four more and then you pull the trigger and average down. that doesn't hurt me to say average down, i think it's the right thing to do. rick in new jersey. rick? >> caller: mega boo-yahs from south jersey, jim. >> oh, man! good to have you on the show. >> caller: american capital and its siblings have declined precipitously...
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Oct 10, 2012
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if you're a china bull and you think it's cheap, i personally think china is cheap as a whole. then you might want to have exposure to that. if you're concerned about the hard landing and have seen what we've seen for the past few day, the investor needs to know how much yum is really coming from china versus how much caterpillar in earnings is really coming from it. that's the main thing i want to stress. >> can we broaden this out a little bit and talk about october? how worried are you about october? it's so legendary for the tough days that have occurred there historically. >> yeah, we've obviously had a huge run out through the month of september. there's some amount of profit taking happening right now in the market. still some uncertainty around europe and whether that's resolved or not. we're very optimistic that the situation in europe will resolve itself. we'll see volatile markets ahead of us, but we're not concerned about the equity markets. >> you're optimistic europe is going to work itself out? like, when? >> well, it will eventually. >> but he sounds like soon.
if you're a china bull and you think it's cheap, i personally think china is cheap as a whole. then you might want to have exposure to that. if you're concerned about the hard landing and have seen what we've seen for the past few day, the investor needs to know how much yum is really coming from china versus how much caterpillar in earnings is really coming from it. that's the main thing i want to stress. >> can we broaden this out a little bit and talk about october? how worried are you...
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Oct 22, 2012
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then there is china. china is the battleground right now. we have some companies calling the bottom in china right here, saying the government is bridging the earnings cliff by pumping money directly into the economy and to starting infrastructure products that bring the water and sewer plants up to snuff, many which haven't been updated since sun yat-sen. we heard this view from alcoa the other day saying the chinese government recognizes its too harsh on the economy and is now full blast. joy global recently told us that china has bottomed already. joy global ought to know. china is the biggest growth market for that company's huge machines. the bridge over the earnings cliff is a principle reason why many industrials rallied today that and a healthy turn in many commodities like iron work may have bottomed just a few weeks ago, and the baltic freight rates which stopped going down last week because of chinese import traffic. if you're selling stocks, i think you have to be mindful of which cliff you fear, if it's europe, there is nothing
then there is china. china is the battleground right now. we have some companies calling the bottom in china right here, saying the government is bridging the earnings cliff by pumping money directly into the economy and to starting infrastructure products that bring the water and sewer plants up to snuff, many which haven't been updated since sun yat-sen. we heard this view from alcoa the other day saying the chinese government recognizes its too harsh on the economy and is now full blast. joy...
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Oct 23, 2012
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>> well, you can expect on china, for example, they're both talking about getting tough with china. romney says he would be tougher. when you talk about unrest in libya, in syria and the middle east, people connect that to oil prices and our energy future. when you talk about afghanistan, you can expect the president to make the case that the reason i'm pulling troops out of afghanistan in 2014 is, a, because there's no more useful purpose to be served by them there. but, b, it's time to start building a nation at home. >> all right, john, talk to you soon. >> larry kudlow is the host of kudlow report here on cnbc. >> it's funny. you asked that question about the debate and the economy. i think the flow may be the other way. i have a feeling that mitt romney is going to make a lot of effort tonight to talk about the economy which, in his view, has been very weak. the worst recovery since world war ii. and what should be done about it? you heard romney in the last debate rip obama on the economy. and when you looked at those snap polls on cbs and cnn, romney was winning that debate o
>> well, you can expect on china, for example, they're both talking about getting tough with china. romney says he would be tougher. when you talk about unrest in libya, in syria and the middle east, people connect that to oil prices and our energy future. when you talk about afghanistan, you can expect the president to make the case that the reason i'm pulling troops out of afghanistan in 2014 is, a, because there's no more useful purpose to be served by them there. but, b, it's time to...
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Oct 11, 2012
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why what happens in china might not be staying in china. >>> plus, bank on it. some say as financials go, so go the markets. so where are they going? telling signs are straight ahead. >>> and -- >> where's the beef? >> or what's the point? wendy's undergoes a logo change. will it help take a bite out of mcdonald's dominant market share? that's all ahead on the "closing bell." ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. >>> welcome back. a little over 45 minutes left in the trading session. if you're just joining us, time for a quick market stat check. we're still looking for the first up day of the week. stocks erasing gains around midday after a u.s. appeals court overturned a legal ruling that had initially favored apple. that stock continues lower as does the re
why what happens in china might not be staying in china. >>> plus, bank on it. some say as financials go, so go the markets. so where are they going? telling signs are straight ahead. >>> and -- >> where's the beef? >> or what's the point? wendy's undergoes a logo change. will it help take a bite out of mcdonald's dominant market share? that's all ahead on the "closing bell." ally bank. why they're always there to talk. i love you, james. don't you love...
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Oct 2, 2012
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i have a bunch of questions about china, stories in the paper, lael, in china is the first question, the second question is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront important questions how they are going to take forward their economic policy. steve, as you know, since day one, president obama's been extremely focused on achieving a more balanced relationship with china, one that create more opportunities for our workers, for our businesses, to export, to sell into china's growing market. we have invest ready considerably with a lot of engagement with china's economic decisionmakers to make sure as they continue to navigate their recovery, they do so in a way that creates export opportunities and we have seen results. we have seen their overall imbalance come down
i have a bunch of questions about china, stories in the paper, lael, in china is the first question, the second question is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront...
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Oct 23, 2012
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so china needs the u.s. the u.s. needs china. china is a huge investor in the u.s. so i'm sure cooler heads will prevail when it really needs to. >> how worried is asia about what's going on between china and japan? >> again, we believe that the two countries have a lot more in common than not. of course there are political issues, but we didn't think it will derail anything fundamental. china and japan again have much more economic issues that bind them together. >> the question is whether you've bound each other enough in trade to dampen those down. >> you get sointegrated. so they're much more invested in each other for anything to really get out of hand. >> all right. stick around. let's remind you what's happened with the trading day in asia. >> a lack of trading leads asian markets to a mixed close. we salle sow some consolidation. but the market didn't react to thely liquidity injection. airlines lost ground after air china terminated it fund-raising plant. and the hong kong market is closed today for a public holiday. we'll watch for share reaction of china
so china needs the u.s. the u.s. needs china. china is a huge investor in the u.s. so i'm sure cooler heads will prevail when it really needs to. >> how worried is asia about what's going on between china and japan? >> again, we believe that the two countries have a lot more in common than not. of course there are political issues, but we didn't think it will derail anything fundamental. china and japan again have much more economic issues that bind them together. >> the...
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Oct 22, 2012
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investment in china rising dramatically. now, the yellow -- the white bars are chinese investments in the united states, also rising dramatically. but the overall level is much smaller, you can expect that to be issues in the coming years as chinese -- as the chinese want to invest more and more in the united states thanks to rhodium group for putting that together for us. next topic, cyber security, an issue as we keep hearing reports about whether the chinese are hacking the systems here in the united states. and we want to point out, the chinese transition. they do this every ten years, happening on november 8th, nearly coincides with the u.s. election, that hasn't happened in many, many decades. so it's going to be a really pivotal election time or let's not call it an election in china, a change in leadership time, potentially for the united states, but for two big economies, the two biggest economies in the world. >>> all right. president obama and governor romney are hours away from their final debate before the elect
investment in china rising dramatically. now, the yellow -- the white bars are chinese investments in the united states, also rising dramatically. but the overall level is much smaller, you can expect that to be issues in the coming years as chinese -- as the chinese want to invest more and more in the united states thanks to rhodium group for putting that together for us. next topic, cyber security, an issue as we keep hearing reports about whether the chinese are hacking the systems here in...
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Oct 24, 2012
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tim cook's commentary on china. but people are looking to the holiday quarter more than this one for what's the really big deal. >> jon, you have a big interview tomorrow. we want to tell but a programming note. jon has a first on cnbc interview with microsoft ceo steve ballmer tomorrow. talk about a guy who needs a hit. ahead of the big release of windows 8 and its surface tablet. he needs a hit more than alex rodriguez needs a hit. >>> boeing shares hitting the skies this morning. they've beat their earnings estimates. raising their outlook. the stock is up .33%. is it time for you to get in? >>> take a look at the day's most active stocks. bank of america is still up on the trading session despite that lawsuit we told you about at the bing beginning of the show. sirius is on the list, at&t and facebook. we'll take a closer look at the telecom and social space after a quick break on power. the dow is up 18 points. >>> welcome back to "power lunch." i'm courtney reagan. shares of norfolk southern sitting at session
tim cook's commentary on china. but people are looking to the holiday quarter more than this one for what's the really big deal. >> jon, you have a big interview tomorrow. we want to tell but a programming note. jon has a first on cnbc interview with microsoft ceo steve ballmer tomorrow. talk about a guy who needs a hit. ahead of the big release of windows 8 and its surface tablet. he needs a hit more than alex rodriguez needs a hit. >>> boeing shares hitting the skies this...
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Oct 26, 2012
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china's biggest bank icbc reports next tuesday. joining us for more is the director and head of china bank research at barclays. thanks very much indeed for joining us. let's kick off with bank of china reporting net profit ahead of estimate. how much encouragement do you take from that, what was driving those earnings? >> broadly for net interest income and fee income have shown strong increase year over year. the highlight is the interest margin on the quarter on quarter basis expanded by eight basis points. that was a positive surprise. >> and nonperforming loans? >> asset quality wise it shows stable. npo amount increased by 1% quarter on quarter, but npr ratio is actually steady. we expect the weakness will be more coming from smes and small private enterprise side. >> how do you view the exposure of bank of china and the other bigger commercial banks to the slowing of the chinese economy and where the risks are? >> well, going forward, we do expect npos and asset qualities to further deteriorate. and we are more at the beginn
china's biggest bank icbc reports next tuesday. joining us for more is the director and head of china bank research at barclays. thanks very much indeed for joining us. let's kick off with bank of china reporting net profit ahead of estimate. how much encouragement do you take from that, what was driving those earnings? >> broadly for net interest income and fee income have shown strong increase year over year. the highlight is the interest margin on the quarter on quarter basis expanded...
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Oct 17, 2012
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growth was at 1.11% year over year in china. we think it will bottom in terms of the growth rate around this level as policymakers now tack back towards trying to support the economy a little bit. we see signs of that already. >> what's your take on the u.s. economy right now based on the earnings we've seen, based on year-end anticipation? >> it seems to be gliding along at around about 2% or so. a little less than the second quarter. i think the fed easing at this point is giving a renewed tail wind. we're seeing that nurn the housing market, which is so important. had good numbers today on that, as you know. i think the u.s. economy could grow a little bit faster from here as long as policymakers make the right moves, which means not making the wrong moves. >> paul, good to see you. >> thank you. >> thanks so much, paul. >> very interesting. >> we have about ten niminutes before the closing bell sounds for the day. >> life after lance. what is next for armstrong's cancer foundation now that he's stepping down as chairman of l
growth was at 1.11% year over year in china. we think it will bottom in terms of the growth rate around this level as policymakers now tack back towards trying to support the economy a little bit. we see signs of that already. >> what's your take on the u.s. economy right now based on the earnings we've seen, based on year-end anticipation? >> it seems to be gliding along at around about 2% or so. a little less than the second quarter. i think the fed easing at this point is giving...
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Oct 17, 2012
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were pioneers of outsourcing to china. and is currently investing in countries in companies that are building surveillance equipment for china to spy on its own folks. that's -- governor, you're the last person who's going to get tough on china. what we've done when it comes to trade is not only sign free trade deals to open up new markets but we've set up a task force for trade that goes after anybody who is taking advantage of american workers or businesses and not creating a level playing field. we've brought twice as many cases against unfair trade practices than the previous administration and we've won every one that's been decided. when i said that we had to make sure that china was not flooding our domestic market with cheap tires, governor romney said i was being protectionist, it wouldn't be helpful to american workers. well, in fact we saved 1,000 jobs. and that's the kind of tough trade actions that are required. but the last point i want to make is this, you know, there are some things where governor romney is
were pioneers of outsourcing to china. and is currently investing in countries in companies that are building surveillance equipment for china to spy on its own folks. that's -- governor, you're the last person who's going to get tough on china. what we've done when it comes to trade is not only sign free trade deals to open up new markets but we've set up a task force for trade that goes after anybody who is taking advantage of american workers or businesses and not creating a level playing...
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Oct 25, 2012
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agricultural bank of k450i in a, china construction and china life due to report numbers. also south korea tech bellwether samsung and lg display out with their third quarter figures. keep your eyes on all of that. meanwhile operating for over 35 years, the largest building contractor, synonymous with the skyscrap skyscrapers. the latest projects include work on a new it terminal at the international airport and construction of what would be europe's tallest office building. in the next episode of access middle east, yousef caught up with the executive chairman and asked him about abu dhabi's sovereign wealth fund, acquisition of a 21.6% stake in the company. >> we're very happy with a move. no question about it, it will open doors for us to do work for as an investment company because they're a huge investor in real estate. they're embarking on a major real estate development in abu dhabi and outside abu dhabi and we're looking forward to cooperating with them and benefitting from this relationship and from this investment. >> so tune in for the next episode of access mid
agricultural bank of k450i in a, china construction and china life due to report numbers. also south korea tech bellwether samsung and lg display out with their third quarter figures. keep your eyes on all of that. meanwhile operating for over 35 years, the largest building contractor, synonymous with the skyscrap skyscrapers. the latest projects include work on a new it terminal at the international airport and construction of what would be europe's tallest office building. in the next episode...
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Oct 11, 2012
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Oct 8, 2012
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nobody wants a confrontation between china and the united states. in the background we ought to recognize, wait a minute, 20 years from now they are trying to create a global navy and air force capable of dominating the pacific out to hawaii. >> we'll leave it there. thank you very much, sir. >>> coming up, the usda is accused of spends hundreds of thousands of taxpayer dollars on so-called diversity training sessions in which employees were allegedly told to chant. are you ready for this. quote, our forefathers were ill legal immigrants. huh? i don't get through any of this it. we'll get to the bottom of it next up. you're paying for it. [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up.
nobody wants a confrontation between china and the united states. in the background we ought to recognize, wait a minute, 20 years from now they are trying to create a global navy and air force capable of dominating the pacific out to hawaii. >> we'll leave it there. thank you very much, sir. >>> coming up, the usda is accused of spends hundreds of thousands of taxpayer dollars on so-called diversity training sessions in which employees were allegedly told to chant. are you ready...
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Oct 11, 2012
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china, the structure of the euro. in the united states, a lot of our problems are self-inflicted and could be self-resolved. and by the way, it makes the long-term consequence in the judgment of history a lot more severe if we don't solve these resolvable problems. >> sticking with you one more question here, lloyd. to listen to the situation as laid out by misters bowles and simpson, you wouldn't think we'd have a stock market at an all-time high. if things are in such bad condition, why is the market as it is? >> for one thing, interest rates are so low that people are looking at equities as a high-yield asset class. people are looking at dividends that are much higher than the 10-year government bond rate. that's one thing that's fueling it. i think you also have -- >> you advise caution on that? >> i advise caution on everything. how -- not only do i advise it, i try to demonstrate it. >> i think the market's actually priced in that we're going to actually get a deal. they don't believe we'd be stupid enough to go
china, the structure of the euro. in the united states, a lot of our problems are self-inflicted and could be self-resolved. and by the way, it makes the long-term consequence in the judgment of history a lot more severe if we don't solve these resolvable problems. >> sticking with you one more question here, lloyd. to listen to the situation as laid out by misters bowles and simpson, you wouldn't think we'd have a stock market at an all-time high. if things are in such bad condition, why...
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Oct 1, 2012
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hsbc china manufacturing purchasing manager index revealing a near year long decline in business activity and a fresh fall in export orders in september. mr. kernen, how was your weekend, sir? >> it was fine. thank you. i was very invested. i was invested in every swing. and i had some -- i was unsettled. i'm still a little unsettled. in corporate data, extending treatment with roche's is not worthwhile, but shortening the treatment also looks unlike will to benefit patients even more. the results limit the down side risk for roche's revenues at least. and a crucial vote today in boeing contract talks. a vote will show whether workers are willing to accept a less dependrous contract offer by boeing or move closer to a strike. the union is widely expected to vote down the current offer, but local officials and analysts consider a strike unlikely. and nokia is set to announce a new deal giving oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big
hsbc china manufacturing purchasing manager index revealing a near year long decline in business activity and a fresh fall in export orders in september. mr. kernen, how was your weekend, sir? >> it was fine. thank you. i was very invested. i was invested in every swing. and i had some -- i was unsettled. i'm still a little unsettled. in corporate data, extending treatment with roche's is not worthwhile, but shortening the treatment also looks unlike will to benefit patients even more....
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Oct 25, 2012
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china. they got a glut. they got a slowdown in steel, building is slowing, steel is slowing, too much iron ore, iron ore prices down, cliff national resources's third quarter profit dropped 85% -- not 8.5%. 85%. fbr cutting the price target to $258 to $54. >>> herb greenberg is here. talk first of all underarmor. >> underarmour's interesting because the numbers and guidance were okay but not okay enough. when you have a stock trading at around 34 times forward earnings, you cannot merely beat the street and tighten guidance. let alone cut gross margin guidance. investors want blowout. on that score, ua did not deliver. and then there are the guts of the business. if you look at some of the people i talked to -- rob wilson at tiberon research. noted disappointing apparel numbers. in a desperate attempt to raise cash, navistar needed to raise $10 million. she continues to rate the bonds a sell and still thinks bankruptcy is a possibility. >>> finally, world acceptance. this is a subprime install many lender i'
china. they got a glut. they got a slowdown in steel, building is slowing, steel is slowing, too much iron ore, iron ore prices down, cliff national resources's third quarter profit dropped 85% -- not 8.5%. 85%. fbr cutting the price target to $258 to $54. >>> herb greenberg is here. talk first of all underarmor. >> underarmour's interesting because the numbers and guidance were okay but not okay enough. when you have a stock trading at around 34 times forward earnings, you...
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Oct 29, 2012
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china has given back most of what it built up in terms of gains from 2008. so i do think we're on this tough position here where you have this maturable market. the flu is only dangerous to the elderly when it comes down to it and younger ones. so that's where we are right now. we just have to see if the corporate numbers are telling us what we already knew which was in july it was tough. we had a slowdown. >> let's bring paul walsh into this conversation from the weather channel. you look at what's been happening with the storm and what that means for retail sales, what's it going to mean this time around? >> it's very interesting. the leadup to the storm which is generally positive for retail in general from a traffic perspective, this year it actually topped snowtober from last year. the weekend traffic was phenomenal. >> because people knew the storm was coming. >> because we're so late into the hurricane season and into fall, that traffic i think benefited more than just the home centers and the usual suspects. i think there's probably a lot of people e
china has given back most of what it built up in terms of gains from 2008. so i do think we're on this tough position here where you have this maturable market. the flu is only dangerous to the elderly when it comes down to it and younger ones. so that's where we are right now. we just have to see if the corporate numbers are telling us what we already knew which was in july it was tough. we had a slowdown. >> let's bring paul walsh into this conversation from the weather channel. you...
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Oct 22, 2012
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china bottoming some. hoping the political leadership will turn attention to helping the economy after the political situation settles itself in november. i think the big hope here is the u.s. consumer is doing better than people anticipated, wouldn't you agree? >> riddle me this. if caterpillar warns and sends it lower, why is it you have half a percent right now? >> that's my point. caterpillar has dropped one-third. it was $120 way back in march. it went straight down while the market was going up. a great leading indicator of the slowdown. now the fact that we have a very important data point, the stock is not going down on flat 2013 revenues. that was not part of the guidance before. i think it's a good sign that at least caterpillar is finding a bottom. >> let's bring matthew lloyd in here from adviser assets management. how are you investing with all of these mixed signals? >> i think it's a great opportunity for contrarian invefi investing though you have to be more patient on the equity side. ther
china bottoming some. hoping the political leadership will turn attention to helping the economy after the political situation settles itself in november. i think the big hope here is the u.s. consumer is doing better than people anticipated, wouldn't you agree? >> riddle me this. if caterpillar warns and sends it lower, why is it you have half a percent right now? >> that's my point. caterpillar has dropped one-third. it was $120 way back in march. it went straight down while the...
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Oct 3, 2012
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will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk allocated to any part of the commodity complex. one these we aren't complicity with is gold. we trity and avoid just lookingt go gold. >> a number of cogent arguments that have been made in some of the presentations we've heard seem to argue for rates have to go up. they've got to go up. how are you positioned for that? or are you perhaps not a believer in terms of where the treasury's headed in the future? >> david, great question. we think that rates have a long term downward pressure for two reasons. one, the central bank has anchored short term interest rates near 0%. they'll stay on that trade for a long period of time. second thing is they have to keep buying risky assets to keep interest rates low in order for us to not have an eve
will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk allocated to any part of the commodity complex. one these we aren't complicity with is gold. we trity and avoid just lookingt...
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Oct 14, 2012
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global companies facing weakness in china and europe. >> i think q-3 will be soft as advertised. i think it will be temporary. the earnings weakness reflects concerns about europe that bled through the summer months. it was an inhibitor to hiring and spending. europe has been displaced by the actions. i don't think it will be as big of a factor going forward. we look for some resolution of the fiscal cliff which is laying on corporate sentiment. i believe 2013, the earnings will have improved. >> do you think this earnings season is factored in our markets? >> yes, bill, i do. i think the equity is a decent discount there of the near term future. we have seen weaker gdp numbers. earnings being soft is largely reflected in the market. >> it was five years ago this week that the dow hit the all time high. we saw a bit of a sell off this week. we are not that far away from that peak of five years ago. do you think we'll get back there? >> yes, i do. you can definitely see record equity highs. even though the market has taken a long time to get back up to the near previous highs, kee
global companies facing weakness in china and europe. >> i think q-3 will be soft as advertised. i think it will be temporary. the earnings weakness reflects concerns about europe that bled through the summer months. it was an inhibitor to hiring and spending. europe has been displaced by the actions. i don't think it will be as big of a factor going forward. we look for some resolution of the fiscal cliff which is laying on corporate sentiment. i believe 2013, the earnings will have...
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Oct 10, 2012
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other news on china, a u.s. congressional panel will probe a new wave of complaints against waway, and zte urged american companies to stop doing business with the chinese telecomequipment makers. that has triggered a fresh wave of complaints and they have been receiving calls from current and former employees and customers that are reporting supposedly suspicious equipment. >> we heard that from carly, who said she was convinced that they had stolen intellectual property. that was her complaint. is probably hearing about this, you probably got a rash of complaints that people stood up and said yes, we've seen similar behavior. let's take a look at the markets the morning. yesterday was another down day for the markets. did see the dow down pretty sharply. nasdaq off by seven and a half. the s&p futures are lower as well. in europe at this hour, you'll see that similar trend -- not significant red arrows, but in france, the cac off by about 12 points. in germany, the dax down about 27 points as well. overnight i
other news on china, a u.s. congressional panel will probe a new wave of complaints against waway, and zte urged american companies to stop doing business with the chinese telecomequipment makers. that has triggered a fresh wave of complaints and they have been receiving calls from current and former employees and customers that are reporting supposedly suspicious equipment. >> we heard that from carly, who said she was convinced that they had stolen intellectual property. that was her...
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Oct 23, 2012
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let's talk china. each candidate trying to sound tougher than the other guy, and the president making this claim. >> we have brought more cases against china for violating trade rules than the other -- the previous administration had done in two terms. >> on the surface, that is correct. eight cases in the past four years, compared to seven in president bush's two terms. but that doesn't tell the full story. for example, a peterson institute study characterized the administration won on tires quote, saving few jobs at high cost. education is key to america's role in the world, both candidates agreed. and that brought governor romney's record in massachusetts into focus, the governor pointing out that education reform in his state made massachusetts schools tops in the nation. >> that was ten years before you took office. and then you cut education spending when you came into office. >> and we kept our schools number one in the nation. they're still number one today. >> they are still number one, but th
let's talk china. each candidate trying to sound tougher than the other guy, and the president making this claim. >> we have brought more cases against china for violating trade rules than the other -- the previous administration had done in two terms. >> on the surface, that is correct. eight cases in the past four years, compared to seven in president bush's two terms. but that doesn't tell the full story. for example, a peterson institute study characterized the administration...
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Oct 8, 2012
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ge spoke lovingly about china. ge's a company that wants us not to bash chinese companies because china's good. so the industrial world is divided among companies that actually are doing okay in china and companies like caterpillar. we don't have a lot of companies left that we trade that are impacted. it's cummins, joy global, it's cat. we're not an industrial economy. alcoa is producing 4 million to 5 million tons of aluminum too much in china. and that will hurt alcoa, no matter how well they do. but the universe is made up of bristol-myers. >> earnings season set to get under way tomorrow after the bell. there are concerns sarah palin companies could see an overall decline profits for the first time in 11 quarters. "the journal" takes a crack at whether or not alcoa misses or beats -- when they beat, s&p is up 4% on average in the next three years. when they miss, s&p is down .6% over the next three months. that's over the last ten years. >> alcoa has several divisions. this they have aerospace. they raised the
ge spoke lovingly about china. ge's a company that wants us not to bash chinese companies because china's good. so the industrial world is divided among companies that actually are doing okay in china and companies like caterpillar. we don't have a lot of companies left that we trade that are impacted. it's cummins, joy global, it's cat. we're not an industrial economy. alcoa is producing 4 million to 5 million tons of aluminum too much in china. and that will hurt alcoa, no matter how well...
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Oct 3, 2012
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you've got to be thoughtful. >> do you worry that the transparency is not there in china? i mean, some people say, look, they can say they're growing 7%, but we don't know if that's true. >> we're dealing with transparency issues everywhere. why are we having reregulation in the u.s. financial services? investors from the 1990s through about 2007 allocated money and transparency wasn't a big issue. when you look at emerging markets, there's concerns about corruptions, developed markets, there's concerns about, you know, is this company overlevered in the financial institution space. i think what we're trying to do is take that trend and make sure we're investing alongside people where we have transparency, you have the growth dynamics. it's choppy out there. >> everybody's looking for yield in and environment where we have rock bottom rates. where are you finding yield? >> i would say as a firm, the two areas we're finding the best opportunities, one, you can see what we're doing with our balance sheet. we have a $6.5 billion balance sheet. we put a fair amount to work in
you've got to be thoughtful. >> do you worry that the transparency is not there in china? i mean, some people say, look, they can say they're growing 7%, but we don't know if that's true. >> we're dealing with transparency issues everywhere. why are we having reregulation in the u.s. financial services? investors from the 1990s through about 2007 allocated money and transparency wasn't a big issue. when you look at emerging markets, there's concerns about corruptions, developed...
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Oct 18, 2012
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has a job in china. that's one of the highest numbers you'll find in emerging markets, about 10% higher than in any developed markets, and inflation is low. a sensible policy maker in that environment should be going on holiday rather than worrying about the economy. we seem to impose an idea that china needs to grow at 8%. come on, it's pretty irrational. they've got full employment. they've got relatively low inflation. at the moment, what you should think about china is it's like a large corporation where we know who the new ceo is and the coo is, and everyone below that's fighting for the prime position. we don't have any clarity even on the number of people in the standing committee at the politboro. will it be 7 or will it be 9? we don't know about the difference -- sorry, carl. >> we're running out of time rapidly here. before we lose you as you are, the chief asian and emerging equity guy for jp morgan, where do i make money at the moment? what is the hot market? what's the tip? >> the best marke
has a job in china. that's one of the highest numbers you'll find in emerging markets, about 10% higher than in any developed markets, and inflation is low. a sensible policy maker in that environment should be going on holiday rather than worrying about the economy. we seem to impose an idea that china needs to grow at 8%. come on, it's pretty irrational. they've got full employment. they've got relatively low inflation. at the moment, what you should think about china is it's like a large...
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Oct 10, 2012
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and china. china is on the brink of a major change in its leadership. it has written its own sort of prescription for new economic directions which they know they have to initiate or they, too, will fall off the cliff. we may or may not be looking at a major change in leadership in this country. but we are looking at the fiscal cliff and i wonder from your perspective as somebody who does business all around the world and despite your protestations about not really knowing much about politics, how you assess the relative chances of success more america dealing in the short term with its fiscal cliff and longer term with its ability to get some semblance of good governance and with the chinese to be able to do the same and make the changes in their economy so that the two largest economies in the world will help things stay online. >> china has huge issues it's got to deal with. okay? there are really two. they've got to broaden out their democracy. remember our democracy started as white men over a certain age owned property. 90 million people in the co
and china. china is on the brink of a major change in its leadership. it has written its own sort of prescription for new economic directions which they know they have to initiate or they, too, will fall off the cliff. we may or may not be looking at a major change in leadership in this country. but we are looking at the fiscal cliff and i wonder from your perspective as somebody who does business all around the world and despite your protestations about not really knowing much about politics,...
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Oct 10, 2012
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says china will meet its objectives of 7% to 8% growth on the fiscal cliff, mr. dimon saying the economy would have been stronger had we adopted simpson-bowles. again jamie dimon down at the council on foreign relations. much more when we come back. >>> the markets selling off today. the s&p 500 almost at session lows, down .5%. dow industrials giving back .66% as well. back on the other side of this break. >>> it is time for the biggest pops and drops in midday trading. sprint is up first. >> speculation that they may go after a pcs after all. the saga still continues. i still avoid the stock buying under $5. >> the monster of a man. >> monster beverage. when you go back you can see where it is coming from. there are some regulations about the health issues and the rest. downgrade dad but the target remains 78. i think this is an interesting name at these levels. >> true religion. >> they put themselves up for sale potentially hiring advisors. i actually like the franchise. i think the valuation is good. this is a good buy. >> give me a drop on valero? >> the ma
says china will meet its objectives of 7% to 8% growth on the fiscal cliff, mr. dimon saying the economy would have been stronger had we adopted simpson-bowles. again jamie dimon down at the council on foreign relations. much more when we come back. >>> the markets selling off today. the s&p 500 almost at session lows, down .5%. dow industrials giving back .66% as well. back on the other side of this break. >>> it is time for the biggest pops and drops in midday trading....
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Oct 24, 2012
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china, there's not one china. there's multiple economies in china. construction i think is slow, but if you're in the health care aviation business in china, it's still very robust. and i just got back from a trip to saudi arabia, abu dhabi, there's business in all of those places. so i think if you're out hustling, you can find business. i think the general trend is positive, but there is volatility in the world. >> so from that perspective, from both of you, you seem to have a more positive outlook than maybe with the market is reacting to over the last several days. >> i think you can't blame investors for what they read and what they see. you'll have a couple of days like we had. but if you step back, you know, i think for a company like ours, our organic growth was up 8% on the quarter. that is high, you know. and 10% year-to-date on a company our size, that is pretty good. backlog of more than $200 billion, that's pretty good. so i just -- and you know, we had dinner last night with 20 mid-market companies, some are doing poorly, but a lot are
china, there's not one china. there's multiple economies in china. construction i think is slow, but if you're in the health care aviation business in china, it's still very robust. and i just got back from a trip to saudi arabia, abu dhabi, there's business in all of those places. so i think if you're out hustling, you can find business. i think the general trend is positive, but there is volatility in the world. >> so from that perspective, from both of you, you seem to have a more...
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Oct 22, 2012
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we need china. they're our biggest customer today and we keep bashing it and i don't understand why somebody doesn't want to fix that and work with them. >> i agree with you. go ahead, i couldn't agree more. you're right. >> tell me about the fiscal cliff again, i have great respect for your career and having gone through all the chairs and getting to where you've gotten to, if you were in charge, what would you do with the fiscal cliff? >> i'd try to get everybody in the room and say usually what i do in a big negotiation like that is the doors are locked until it's done, and really what we need here, no matter how the election turns out, michael, we really need leadership by the legislature and the white house, and that's what it's going to take, and we've just seen back and forth and bashing and total gridlock and that has got to be solved, because that uncertainty is driving into the economy, into our customers who are worried to spend their money because they don't know what's going to happen.
we need china. they're our biggest customer today and we keep bashing it and i don't understand why somebody doesn't want to fix that and work with them. >> i agree with you. go ahead, i couldn't agree more. you're right. >> tell me about the fiscal cliff again, i have great respect for your career and having gone through all the chairs and getting to where you've gotten to, if you were in charge, what would you do with the fiscal cliff? >> i'd try to get everybody in the room...
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Oct 18, 2012
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china's gdp was 7.4%. we would give our right arms and left leg for that. it's china, so it's like we're not happy with that. i think it's the same story with google. you expect more from them. >> that's a good analysis. >> great metaphor. i think the point there is they're both accelerating at a rapid rate. the whole monetization thing, google is continuing to monetize its base. the fact that younger people who are more mobile oriented may not be doing as much commerce as their somewhat more demographically older and more wealthy peers are doing online can be as much of a generational transition about commerce going to mobile. again, not a google issue. >> right. john ford, they did pay $12.5 billion for motorola mobility. they're trying to make that work as well. we're about 90 seconds away from the reopening here. >> they are. that's going to be one of the things that gets a lot of focus because of the more than $.5 billion loss there. there are a number of issues on the cost side. investors wondering on how much of an impact we'll see like on cost per c
china's gdp was 7.4%. we would give our right arms and left leg for that. it's china, so it's like we're not happy with that. i think it's the same story with google. you expect more from them. >> that's a good analysis. >> great metaphor. i think the point there is they're both accelerating at a rapid rate. the whole monetization thing, google is continuing to monetize its base. the fact that younger people who are more mobile oriented may not be doing as much commerce as their...
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Oct 4, 2012
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. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week. a company that specializes in plastic packaging debuting on the new york stock exchange today with a $470 million offering. it hasn't had the best trading day, stock opening lower at its debut, currently down better than 5%. >>> the bulls are in a good mood down here today. the dow jones industrial average up almost 100 points right now. we're up 95 points on the dow at 13,590. the nasdaq is up about 1s. we'll cover all of that. >>> they don't call them the king of wall street for nothing these days. "vanity fair's" bethany maclean spent four months with jpmorgan's jamie dimon. the jamie dimon you may not know coming up next. >>> as we head out though, take a look at the widely
. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week. a company that specializes in plastic packaging debuting on the new york stock exchange today with a $470 million offering. it hasn't had...
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Oct 24, 2012
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let's go to china. some data out of china today. i'm somewhat surprised before we came on air what you said about china. explain what you think about the opportunity to invest in china. not necessarily the chinese economy but invest in china now. >> this is a dangerous week to quiz me about one of my favorite places in the world. i think the chinese data is showing strong signs these guys have pulled off yet another adjustment. the numbers this morning suggest a bounce coming on top of what we saw last week. and most importantly, they are doing it stopping a housing taking a trade surplus from 10% to 2.5% and the consumer is showing signs of accelerating relative to production. it's fantastic. if it was as simple as that, we would buy chinese stock and forget about it. unfortunately it's not. one of the reasons that these adjustments are taking place is deliberately raising wages so it makes it for many chinese companies particularly exporters, the profit margins are under a lot of pressure. and so there may be other winners from th
let's go to china. some data out of china today. i'm somewhat surprised before we came on air what you said about china. explain what you think about the opportunity to invest in china. not necessarily the chinese economy but invest in china now. >> this is a dangerous week to quiz me about one of my favorite places in the world. i think the chinese data is showing strong signs these guys have pulled off yet another adjustment. the numbers this morning suggest a bounce coming on top of...
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Oct 18, 2012
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in china, industrial production is what dominates power demand growth over in china. it's very different than the united states. 75% of all power is commanded by heavy industrials, as opposed to here in the united states for example where it's only 30%. in china it's unique in china compared to anywhere else in the world and historically when you looked at power growth it was growing faster than gdp so if power growth was slowing you were worried about overall gdp. now what we've got on the screen is showing you, if you look at growth by sector the growth has fallen off in the major industrial sector, right, went from 12% a year ago to growth of only 3% year-to-date so far when you look at the left-hand side of the screen but in services, has it fallen off the growth, yes. residential, it's actually climbed, so they say you shouldn't necessarily be worried about the decline in growth of industrial power demand because it's being more and more offset by what is a change in the chinese economy but we frequently hear jim chanos talking about this, the ceo of internationa
in china, industrial production is what dominates power demand growth over in china. it's very different than the united states. 75% of all power is commanded by heavy industrials, as opposed to here in the united states for example where it's only 30%. in china it's unique in china compared to anywhere else in the world and historically when you looked at power growth it was growing faster than gdp so if power growth was slowing you were worried about overall gdp. now what we've got on the...
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Oct 19, 2012
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this morning i was thinking there's some bad news out of china, that's going to weigh on things but it seems at the end of the day earnings have taken the center stage and they're not giving it up. mary said about the banks, man, i want bank earnings back again. that's way more fun than what's going on now. >> that's an understatement. >> i wouldn't say this is fairly orderly. we're still in the range that started in the bernanke qe infyty. right now i think we're okay still. >> i want to take you back to 1987. you were work rg in the business, i was a 29-year-old reporter covering it for then financial news network. you reminisce of that day. for me, it was -- there was terror. >> no doubt. i had been in the business three or four months and my chief responsibilities up to that point was getting my boss's dry cleaning but that day i was taken from the currency pits -- i worked for goldman at the time -- and thrown in the s&p 500 pit. emotion and terror was so palpable. for me i didn't have anything to risk and you could still feel it. that's been a really big lesson for me. flashforwa
this morning i was thinking there's some bad news out of china, that's going to weigh on things but it seems at the end of the day earnings have taken the center stage and they're not giving it up. mary said about the banks, man, i want bank earnings back again. that's way more fun than what's going on now. >> that's an understatement. >> i wouldn't say this is fairly orderly. we're still in the range that started in the bernanke qe infyty. right now i think we're okay still....
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Oct 4, 2012
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crack down on china if and when they cheat. number three, make sure our people have the skills they need to succeed and the best schools in the world. we're far away from that now. number four, get us to a balanced budget. number five, champion small business. >> well, there you go in terms of mitt romney coming out with five points in terms of an economic plan. do you think this is resonating with folks out there? the issues that are important in terms of dictating their vote, the economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go in the future. so it is my view, whoever is president in 2014 -- and i've been public about it. i am a democrat and voting for the president.
crack down on china if and when they cheat. number three, make sure our people have the skills they need to succeed and the best schools in the world. we're far away from that now. number four, get us to a balanced budget. number five, champion small business. >> well, there you go in terms of mitt romney coming out with five points in terms of an economic plan. do you think this is resonating with folks out there? the issues that are important in terms of dictating their vote, the...
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Oct 1, 2012
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and then you've got the leadership transition in china. so i think you're going to have that positive influence, maybe met with a little bit of resistance around some of the unserpt you'll see because of these i vents. we think the markets are higher 15 months from now. >> okay, so even if we do see this volatility you think 15 months from now, are you going to be in a better position? what about that, peter, we've been talking today that the expectations call for a contraction in third quarter earnings. going to see a negative performance from the third quarter, these are the expectations, anyway, to bounce back in the fourth quarter. the market -- really haven't changed very much. >> yes, maria. i think the market is ahead of itself. as the prior speaker said, there's a lot of uncertainty out there. markets have been very strong this year. so some giveback in the fourth quarter is not unexpected by me. i kind of welcome it, because we're stock pickers and that will give us a chance to find some attractive companies. >> where's the value
and then you've got the leadership transition in china. so i think you're going to have that positive influence, maybe met with a little bit of resistance around some of the unserpt you'll see because of these i vents. we think the markets are higher 15 months from now. >> okay, so even if we do see this volatility you think 15 months from now, are you going to be in a better position? what about that, peter, we've been talking today that the expectations call for a contraction in third...
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Oct 1, 2012
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said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side?
said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side?
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Oct 24, 2012
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china's being hurt a lot by europe and by the u.s. weakness, but they've found a way to get more of the growth to come from their consumers. and that's enough, people are celebrating in hong kong. so i think that is a stabilizing force in this global recession risk that we're in. and it's going to come down to what the actions -- how the u.s. actually deals legislatively with this tax increase. we can focus right down onto that and say, for example, after -- let's say president obama is re-elected. if his first words coming out of the block are that he'd like to have an extension of time in order to sort out some of the fiscal cliff, that would be very bullish. and vice versa. if governor romney wins and president obama says i'm willing to give you or grant you as i leave office an extension of time on the tax hike -- >> but he hasn't really said -- michelle, i don't want to politicize this whole thing, but so far, michelle, what we know, president obama has said he will not extend all the bush tax cuts for a second time. he did exten
china's being hurt a lot by europe and by the u.s. weakness, but they've found a way to get more of the growth to come from their consumers. and that's enough, people are celebrating in hong kong. so i think that is a stabilizing force in this global recession risk that we're in. and it's going to come down to what the actions -- how the u.s. actually deals legislatively with this tax increase. we can focus right down onto that and say, for example, after -- let's say president obama is...
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Oct 8, 2012
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you have positive economic signs from china. hsbc service rose from the highest level since may but the world bank is cutting assumptions for growth for china, probably the more powerful china story. >>> negotiations condition between dish network and gannett. at 2:00 p.m. eastern time the deadline passed without agreement but the two sides agreed to keep talking. dish carries gannett stations in 19 cities. >>> unitedhealth care combined with amil, paying $4.9 billion in cash for 90% of amil's outstanding shares. >>> and the house intelligence committee saying that american companies should avoid doing business with china's two leading technology firms because they pose a national security threat, a year-long probe suggests that huawei technologies and zte corporation both suppliers of telecom equipment and mobile phones oppose a security risk and the equipment could be used for spying. the committee recommends the government systems should not include any components made by the companies and they may have violated some u.s. law
you have positive economic signs from china. hsbc service rose from the highest level since may but the world bank is cutting assumptions for growth for china, probably the more powerful china story. >>> negotiations condition between dish network and gannett. at 2:00 p.m. eastern time the deadline passed without agreement but the two sides agreed to keep talking. dish carries gannett stations in 19 cities. >>> unitedhealth care combined with amil, paying $4.9 billion in cash...
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Oct 11, 2012
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china. the structure of the euro. in the united states, a lot of our problems are self-inflicted and can be self-resolved. >> joining us now, the man who did the interview himself, steve leisman. also kate kelly joins us here on set. dan greenhouse, chief global strategist at btig and a cnbc contributor. steve, fantastic interview. but, is blankfein right about our problems being able to be resolved or solved by ourselves? >> you know, i think he is, mandy. thank you very much, by the way. what i find interesting about what blankfein is saying, think about it from a business perspective. think about what goldman has done successfully which is take the advantage you have and press them. we have a series of advantages. they're demographic. we are an incredibly wealthy country which is something that says, these allusions they make to zimbabwe about the united states, they're just off base because the wealth factors are so much greater. don't snatch defeat from the jaws of victory. and i think that's what blankfein is sa
china. the structure of the euro. in the united states, a lot of our problems are self-inflicted and can be self-resolved. >> joining us now, the man who did the interview himself, steve leisman. also kate kelly joins us here on set. dan greenhouse, chief global strategist at btig and a cnbc contributor. steve, fantastic interview. but, is blankfein right about our problems being able to be resolved or solved by ourselves? >> you know, i think he is, mandy. thank you very much, by...
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Oct 25, 2012
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so both happening in china and there are great names that you can own right now that are exposed to china for the long run in order to make -- >> like who? >> we like yum brands. they're based in the u.s., but 45% of their profits come from china. and they're experiencing really strong pricing in china in a period of low inflation which is allowing them to grow profits by over 15%. they're growing unit growth by 15%. so they're well positioned to do well in china. basically what water loe're loor is companies with strong cash flow and profitability. yum brands has a billion and a half in free cash which is a 5% free cash and 2% dividend yield. >> any presence for taco bell over there? >> i think there is an opportunity for all of their brands. >> if you can get 2 billion people tasting a tack company, 80% of their profit would be from over there.ok company, 80% of their profit would be from over there. you do have the currency problems, but -- >> basically you focus in on on companies that have their own edge so they can come well over time. so another company we like is lenovo. they have
so both happening in china and there are great names that you can own right now that are exposed to china for the long run in order to make -- >> like who? >> we like yum brands. they're based in the u.s., but 45% of their profits come from china. and they're experiencing really strong pricing in china in a period of low inflation which is allowing them to grow profits by over 15%. they're growing unit growth by 15%. so they're well positioned to do well in china. basically what...
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Oct 23, 2012
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they discussed military spending, the middle east, china. and john harwood will join us with the highlights. among our newsmakers you can we have rob portman at 7:00. he's been playing the role of president obama in mitt romney's debate preparations. then coming up at 8:00, we have senator john kerry. he's been playing mitt romney in the president's debate prep sessions. of course earnings central is still in full swing. before the bell, we will hear from dupont, 3 m, united technologies, and many others. also a topic dominating discussions is the fiscal cliff. the annual meeting of the securities trade group is taking place in new york today. and the looming risk the u.s. economy is sure to be on the agenda of participants. we'll be joined by a few of those this morning. including gary gensler. chet heick will also be joining us. on the lighter side of thing, we'll have a rock star among us this morning. yeah, we mean this literally. not just the rock stars we usually have. john popper of blues travelers will be joining us on set at 8:40 to
they discussed military spending, the middle east, china. and john harwood will join us with the highlights. among our newsmakers you can we have rob portman at 7:00. he's been playing the role of president obama in mitt romney's debate preparations. then coming up at 8:00, we have senator john kerry. he's been playing mitt romney in the president's debate prep sessions. of course earnings central is still in full swing. before the bell, we will hear from dupont, 3 m, united technologies, and...